Which Is Considered to Be a Tax on Wealth

question 25

Multiple Choice

Which is considered to be a tax on wealth?

• A) capital gains tax
• B) individual income tax
• C) property tax
• D) excise tax

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Definitions:

Days Sales In Inventory

A financial metric indicating the average time it takes for a company to turn its inventory into sales, reflecting inventory management efficiency.

Days To Pay Payables

An accounting metric that calculates the average number of days it takes a company to pay its invoices from suppliers, indicating how effectively a company is managing its outgoing cash flow.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, calculated as (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities.

Current Ratio

A ratio indicating how well a company can cover its short-term dues.